Introduction
Week – May 06th to May 11th
Quote for the week:
“Life is like riding a bicycle. To keep your balance, you must keep moving”
– Albert Einstein (Theoretical physicist)
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The ‘Swift e-Bulletin’ - weekly newsletter, covers all regulatory updates and critical judgements passed during the week. We want this newsletter to be valuable for you so, please share your feedback and suggestions to help us improve.
Further, various regulatory authorities have been proactive in bringing significant regulatory changes in recent challenging times. This week’s newsletter covers various Circulars/Notifications issued by certain regulatory authorities such as the Ministry of Corporate Affairs(“MCA”) Securities and Exchange Board of India (“SEBI”), Ministry of Corporate Affairs Reserve bank of India(“RBI”), International Financial Services Authority (“IFSCA”), Insolvency and Bankruptcy Board of India(“IBBI”) and SEBI Orders (“Orders”)
The Regulatory authorities provided various updates/relaxations, some of which being:
- SEBI vide Circular dated May 06, 2024 allows entities to use e-KYC Aadhaar Authentication services of UIDAI in Securities Market as sub-KUA
- MCA vide Circular dated May 07, 2024, issued relaxation on additional fees and extension of last date of filing of Form No. LLP BEN-2 and LLP Form No. 4D under the Limited Liability Partnership Act, 2008.
We have prepared a comprehensive summary for quick reference of the aforesaid updates and Judgements/ orders issued during the week of May 06th to May 11th.
Thank you, Swift team
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